The Reserve Bank of India on Monday has imposed stricter norms for NBFCs, bringing them at par with banks. The central bank has increased the minimum capital requirements and has also reduced the number of days to recognise a loan as bad debt. The ne...

The Nifty opened marginally higher on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to remain net buyers of Indian equities on Monday as they have bought shares worth Rs 355 crore in cash market. Howev...

Total income of the city-based diversified financial services company, which is into NBFC, insurance, stock broking and ARC rose 57 per cent to Rs 915 crore, company chairman Rashesh Shah said in a statement.

Domestic rating agency Icra today said retail-focussed non-bank lenders have witnessed a surge in asset quality issues during the fiscal ended March and the troubles are likely to continue in FY15 as well.

The Mumbai-based firm has acquired 65,79,840 equity shares of Shriram City Union Finance Ltd, the retail focused non-banking financial company (NBFC) of the Shriram Group, Piramal Enterprises said in a statement today.

Many investors have been buying NBFCs on hopes that once the announcement is made, these stocks may turn out to be multi-baggers. However, Santosh Singh of Espirito Santo says fundamentals of some of the licence hopefuls do not justify the current st...

The Reserve Bank's guidelines related to classification of bank loans to Non-Bank Finance Company- Micro Finance Institutions (NBFC-MFIs) under priority sector are unlikely to have a major impact on micro-finance institutions' profitability, rating a...

Last month, the central bank had said it would recognize industry associations as self-regulatory organisations (SROs) of non-banking financial companies that are engaged in micro finance (NBFC MFIs) based on the recommendations made by the Y H Maleg...